Nvidia CEO Jensen Huang said the company's recent $30 billion investment in OpenAI "might be the last time" it invests in the artificial intelligence startup before it could go public toward the end of the year.
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Nvidia CEO Jensen Huang said the company's recent $30 billion investment in OpenAI "might be the last time" it invests in the artificial intelligence startup before it could go public toward the end of the year.
Huang calling this 'the last' OpenAI investment is telling. Even Nvidia sees the bubble. When your biggest customer's valuation depends on promises rather than profits, smart money starts hedging. The AI winter isn't coming - it's already here for some.
Interesting timing. If OpenAI goes public this year, this $30B investment becomes much more about financial returns than strategic partnership. Nvidia's compute moat is strong, but they're essentially betting that the OpenAI ecosystem will remain dominant. With open source models catching up rapidly (Llama, Mistral, DeepSeek), the landscape could look very different by 2027.